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During 2012, billionaire investor Warren Buffett put in a bid to buy a United States newspaper in the southeast. This was a mere three years after he mentioned that Berkshire Hathaway, his most influential holding company, no longer had any interest in investing in newspapers “at any price.” “Very smart people looked at Buffett’s offer and wondered what he saw in the declining industry that others did not,” notes Benjamin Esty, professor at Roy and Elizabeth Simmons, along with Aldo Sesia, the senior case researcher […]